$3,100,000
PENDING $50K PRICE DROP

1623 Lomita Blvd Harbor City, CA 90710

Harbor City Neighborhood

Estimated payment $19,991/month

Total Views 7,038
19 Beds
20 Baths
10,620 Sq Ft
$292 Price per Sq Ft

About This Home

***PRICE REDUCTION | VERY MOTIVATED SELLER***Exceptional Investment Opportunity***This property offers a 6.31% in-place cap rate and 9.66 GIM, with upside to a 9.46% cap rate and 7.35 GIM. Adding two ADUs (Buyer to Verify) increases performance to a 6.91% cap rate, 8.87 GRM, and a remarkable 6.72% pre-tax cash flow with no additional turnover. Highlights: - 20.14% IRR potential with ADUs - Dual pane windows for efficiency The building includes 14 units: 2 bachelor units, 5 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, 4 two-bedroom/two-bath units, and 2 three-bedroom/two-bath units. Units 10 and 11 (the 3+2s) feature a unique layout with a door connecting the master bedroom to the main unit. This configuration allows the master bedrooms to be rented separately, with the city's approval, provided the connecting door remains in place. Contact us today to learn more or schedule a tour!

Listing Agent

Kelly Morgan

Houze Real Estate Management License #01898026 Listed on: 05/23/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 100x118

Home Design

  • Split Level Home

Interior Spaces

  • 10,620 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 20 Bathrooms

Parking

  • 13 Parking Spaces
  • Covered Parking
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 7439-025-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 10620
  • Lot Acreage: 0.2710
  • Lot Dimensions: 100x118
  • Probate: No
  • Stories: 2
  • Year Built: 1961
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Total Bathrooms: 20.00
  • Price Per S Q F T: 291.90

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Uncovered
  • Total Parking: 13

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 44.00
  • Assessed Improvement Value: 1179420
  • Assessed Land Percent: 56
  • Assessed Land Value: 1501081
  • Total Assessed Value: 2680501
  • Assessor Parcel Number: 7439-025-025
  • Lot Size Area: 11804

Rental Info

  • Total Actual Rent: 26405.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 9.81
  • Number Of Units: 14
  • Total Annual Expense: 116414
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2025 08/23/25 Pending -- -- --
07/01/2025 07/01/25 Price Changed $3,100,000 -1.6% $292 / Sq Ft
05/23/2025 05/23/25 For Sale $3,150,000 -- $297 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25543013

The MLS
California Los Angeles County Harbor City 90710 Harbor City

1623 Lomita Blvd, Harbor City, CA

This home is located at 1623 Lomita Blvd, Harbor City, CA 90710 and is currently priced at $3,100,000, approximately $291 per square foot. This property was built in 1961. 1623 Lomita Blvd is a home located in Los Angeles County with nearby schools including President Avenue Elementary School, Alexander Fleming Middle School, and Nathaniel Narbonne Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Kelly Morgan
Listing Agent
Kelly Morgan
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Houze Real Estate Management
(424) 541-1825